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Winnebago Industries Interest Coverage

: 9.95 (As of Feb. 2021)
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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Winnebago Industries's Operating Income for the three months ended in Feb. 2021 was $100 Mil. Winnebago Industries's Interest Expense for the three months ended in Feb. 2021 was $-10 Mil. Winnebago Industries's interest coverage for the quarter that ended in Feb. 2021 was 9.95. The higher the ratio, the stronger the company's financial strength is.

NYSE:WGO' s Interest Coverage Range Over the Past 10 Years
Min: 3.04   Med: 8.73   Max: No Debt
Current: 5.74

3.04
No Debt

NYSE:WGO's Interest Coverage is ranked lower than
56% of the 822 Companies
in the Vehicles & Parts industry.

( Industry Median: 6.99 vs. NYSE:WGO: 5.74 )

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Winnebago Industries Interest Coverage Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Winnebago Industries Annual Data
Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 5.96 8.79 8.66 3.04

Winnebago Industries Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.43 0.00 4.78 8.55 9.95

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Winnebago Industries Interest Coverage Distribution

* The bar in red indicates where Winnebago Industries's Interest Coverage falls into.



Winnebago Industries Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Winnebago Industries's Interest Coverage for the fiscal year that ended in Aug. 2020 is calculated as

Here, for the fiscal year that ended in Aug. 2020, Winnebago Industries's Interest Expense was $-37 Mil. Its Operating Income was $114 Mil. And its Long-Term Debt & Capital Lease Obligation was $540 Mil.

Interest Coverage=-1* Operating Income (A: Aug. 2020 )/Interest Expense (A: Aug. 2020 )
=-1*113.763/-37.461
=3.04

Winnebago Industries's Interest Coverage for the quarter that ended in Feb. 2021 is calculated as

Here, for the three months ended in Feb. 2021, Winnebago Industries's Interest Expense was $-10 Mil. Its Operating Income was $100 Mil. And its Long-Term Debt & Capital Lease Obligation was $546 Mil.

Interest Coverage=-1* Operating Income (Q: Feb. 2021 )/Interest Expense (Q: Feb. 2021 )
=-1*99.975/-10.052
=9.95

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Winnebago Industries  (NYSE:WGO) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Winnebago Industries Interest Coverage Related Terms


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